Non-Farm Night Strategy 10/07/2016

Non-Farm employment change news for Sep 2016 will be released tonight.

We will trade after the news released and we plan to watch on Gold and USDJPY.

Current gold price is within the half-air between support/resistance lines, so we will not buy or sell at current position (1256).

If Gold can’t go beyond 1270 for the time being, then we will watch this position and look to short gold at this area.

If Gold can’t go below 1234 for the time being, then we will watch this position and look to long gold at this area.

If Gold breaks through the above two positions, then you’d better not play the game and have a good night!

gold_oct07_2016

USDJPY didn’t reach the previous peak point at around 104.3, although it breaks the downward channel.

If USDJPY can’t go beyond 103.50, then we will watch this position and look to short USDJPY. otherwise, we will buy at the pull back.

usdjpy_oct07_2016

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